May Prices Jump Across the Board

Retail prices for footwear rose a seasonally adjusted 0.1 percent in May and increased 1.6 percent from a year earlier, the Labor Department said Wednesday in its Consumer Price Index.

Men’s footwear prices were up 0.5 percent month-to-month and advanced 2.2 percent in 12-month comparisons. Women’s footwear prices increased 0.3 percent in May, but declined 0.4 percent from a year earlier. Boys’ and girls’ footwear prices rose 0.5 percent in May and spiked 5.2 percent year over year.

Retail apparel prices, which include footwear, dropped for the third consecutive month in May, falling a seasonally adjusted 0.2 percent, while increasing 0.8 percent compared with a year earlier.

Prices for all goods and services increased a seasonally adjusted 0.1 percent in May, but fell 1.3 percent in 12-month comparisons. The so-called core prices, which exclude the volatile food and energy sectors, rose 0.1 percent.